Sears Canada Liquidation Sales in Closing Stores Begin Friday

Press Release

Gordon Brothers, Hilco Global, Tiger Capital Group and Great American Group to Liquidate All Inventory at Stores Slated to Close

Date July 21, 2017

Sears Canada Inc. (“Sears Canada” or the “Company”) announced today that a joint venture (“JV”) group formed among Gordon Brothers, Hilco Global (through its Canadian division, Merchant Retail Solutions, ULC), Tiger Capital Group and Great American Group, will begin operating liquidation sales Friday, July 21, 2017, at the stores previously announced by the retailer as closing.  This announcement comes after Sears Canada obtained an Order from the Ontario Superior Court of Justice on Tuesday July 18, 2017 to liquidate 54 Stores (20 full-line, 15 Sears Home, 10 Outlet, and 9 Hometown locations).

Beginning this Friday July 21, customers can take advantage of fantastic savings of up to 50% off during the store liquidation event sales.  Great deals will be available on all merchandise including brand name men’s and women’s apparel, children’s wear, footwear, bed and bath, home décor, fitness and recreation, toys, furniture, mattresses, major appliances, hardware, luggage and more.

Sears Canada full-line stores, Sears Home stores and Sears Outlet stores participating will immediately begin to feature deep discounts from 20% to 50% off of a variety of products from Sears own brands, including, Kenmore in addition to well-known national and designer brands. 

A spokesperson for the JV group managing the sale process said, "We encourage consumers to shop early to take advantage of the best selection of products and great savings available throughout the stores while supplies last.”  The JV Group also indicated that select fixtures, furnishings and equipment in the closing stores will also be for sale.  He also indicated that Sears Canada gift cards will be honoured throughout the sale.  

The JV group, which has been appointed to operate the store liquidation process, has significant experience in Canada having operated several recent events for other retailers in Canada including Target Stores, Express, and BCBG.